COMPLETING THE FAFSA - TIPS FOR STUDENTS

How will I pay for college?

College is often quite expensive but don’t let financial concerns stop you from applying to those colleges

you most wish to attend. With the help of federal and state financial aid most students can afford to attend

college. The amount of financial aid you will be eligible for depends largely upon your income, the income

of your parents, the number of people your parent and/or guardian are supporting and if other people in

your family are attending college. First, you’ll need to apply to college. Next, apply for financial aid by

completing the Free Application for Federal Student Aid (FAFSA). Based on the information you provide on

the FAFSA, each college you are accepted to will notify you of the amount of financial aid you are eligible

to receive if you attend that college. This amount is often referred to as a financialaidpackage. Financial

Aid consists of grants, scholarships, loans (which must be paid back at after graduation), and work study.


Free Application for Federal Student Aid (FAFSA)


The FAFSA must be completed online at www.fafsa.ed.gov. Hard Copy/paper worksheets should be


available but ultimately the application should be submitted online. High school students should


complete the FAFSA on or after January 1 prior to fall enrollment to determine their


eligibility for f inancial aid. Remember, some f inancial aid is given on a f irst-come-f irst-served basis so


submit the application as soon as possible. Students may f ind themselves waiting for their families to


complete their tax returns. Students may use the tax return from the previous year as a means to


complete the FAFSA. This is advisable as the sooner students submit their FAFSA the greater the


likelihood of obtaining more f inancial aid. For example, students f iling for the 2008-2009 school year can


use their families 2006 taxes to complete the FAFSA. Once families complete their 2007 taxes they can


then do an update on the Student Activity Report. Note that you will have to file a FAFSA for


each year you are enrolled in college. In other words, the FAFSA that you file in


your senior year of high school does not apply to the next four years of college.



Remember, the FAFSA is a free application and there should be no costs associated with completing it.


The website (www.fafsa.ed.gov) and helpline (1-800-4-FED-AID) provide assistance free of charge.


If money is requested for any portion of the application process ask your college counselor for help.


You may have the incorrect website.



What do I need to complete the FAFSA?



Before you begin to complete the FAFSA, gather the following documents:


Personal information:


• Driver License Number


• Date(s) of birth of your parent(s)/guardian


• Social Security Numbers (if available) of your parent(s)/guardian


• Alien Registration Number (if not a U.S. citizen)


• Know the legal marital status of your parents



Financial information:


Tax returns and W-2 (previous year)


• Tax returns and W-2(s) of your parent(s) (previous year)


• An explanation of all untaxed income received (e.g. social security income, welfare)


• An explanation of all untaxed income your parent(s) received


• Records of all assets (e.g. real estate holdings, bank statements, stock certif icates)


• FAFSA Personal Identif ication Number (PIN)


• FAFSA Personal Identif ication Number (PIN) for your parents


How do I get a FAFSA Personal Identification Number (PIN)?


Both you and your parents will need to create a Personal Identif ication Number (PIN) to complete the


FAFSA. Request a PIN at www.pin.ed.gov. It usually takes about three business days for your PIN to


arrive via e-mail. This is a permanent PIN that can be used whenever f iling for any type of f inancial aid.


Write your PIN down in a safe place so that you remember it. Do not share your PIN with others


as this PIN gives access to your financial information.


Use your PIN for the following functions:


Electronically “sign” the FAFSA before submitting


• Make corrections to your application


• Check the status of your application


• Renew your application in future years



What happens after I submit the FAFSA?


Af ter you have completed the FAFSA, you will receive an electronic notif ication from the United States


Department of Education. This notice usually arrives within three days and will have a link to your Student


Aid Report (SAR) and Expected Family Contribution (EFC).


Student Aid Report (SAR) and Expected Family Contribution (EFC)


• The Student Aid Report (SAR) is a summary of the information you provided on the FAFSA. It


determines how much f inancial aid you are eligible to receive and your Expected Family Contribution


(EFC) — the amount you and your family are expected to contribute to your college expenses. The


SAR also notif ies you if you are eligible for a Pell Grant.


About your Student Aid Report and Expected Family Contribution


If you do not receive a SAR within 2 weeks call 1-800-4-FED-AID


• If there are mistakes on the SAR visit www.fafsa.ed.gov, go to FAFSA Follow Up, and click on


Make Corrections to a Processed FAFSA. Also, notify the colleges you have applied to so


they can adjust your f inancial aid package.


• The six colleges you indicated on the FAFSA will receive your SAR at the same time that you do. Each


college will then calculate a f inancial aid package and notify you of the amount of aid you will be


awarded if you do attend that school. If you plan on applying to more than six colleges, you may add


additional schools af ter your initial six by going to www.fafsa.ed.gov.


• If there is an asterisk next to your EFC you will need to provide documentation of the information



provided on your FAFSA. Colleges may ask for documentation such as copies of Tax returns, W-2


forms, bank statements etc especially when considering a student for opportunity programs such as


HEOP, EOP, Seek and College Discovery.


Tuition Assistance Program (TAP)


If you indicate on the FAFSA that you live in New York State and are applying to a New York State college


or university you will be able to f ile for the Tuition Assistance Program (TAP) at the end of the FAFSA


process. For more information about TAP visit New York State Higher Education Services Corp. (NYS


HESC) at www.hesc.org or call 1-888-NYS-HESC. Note: On the TAP application students can


only submit one New York State College. This college can be changed at any time.


Important Reminders


Follow all directions when submitting the FAFSA


• Enter your e-mail contact information on the FAFSA for a faster response


• Submit all information as soon as possible and prior to deadlines (Note: Different Colleges


have different deadlines)


• Keep copies of all personal and f inancial documentation


• Make copies of all FAFSA submissions (online or print applications) and the SAR


• Correct mistakes on your SAR immediately


• Respond to all queries about f inancial aid immediately


• Af ter completing the FAFSA, remember to complete any additional paper work, requests for


documentation etc. Many schools require the CSS/Financial Aid prof ile which is available at


www.collegeboard.com/prof ile. For questions contact help@cssprof ile.org or 305-829-9793.



Contact Information


FAFSA online: www.fafsa.ed.gov


Financial aid helpline: 1-800-4-FED-AID


For a FAFSA Personal Identif ication Number (PIN): www.pin.ed.gov


New York State Higher Education Services Corp.: www.hesc.org or 1-888-NYS-HESC